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Stephen v. Stephen

Supreme Court of Wyoming

August 18, 2015

JASON WILLIAM STEPHEN, Appellant (Defendant),
v.
AMY JO STEPHEN, Appellee (Plaintiff)

Appeal from the District Court of Laramie County. The Honorable Thomas T.C. Campbell, Judge.

Affirmed.

For Appellant: Laura J. Jackson of Jackson & Ojeda, LLC, Cheyenne, Wyoming.

For Appellee: Douglas W. Bailey of Bailey, Stock & Harmon, P.C., Cheyenne, Wyoming.

Before BURKE, C.J., and HILL, KITE[*], DAVIS, and FOX, JJ.

OPINION

Page 1229

KITE, Justice.

[¶1] Jason William Stephen (Husband) appeals from the property division portion of a divorce decree, claiming the district court abused its discretion in valuing his interest in the family business and requiring him to make a lump sum payment to Amy Jo Stephen (Wife). We affirm.

ISSUES

[¶2] Husband contends the district court abused its discretion by:

1. Requiring him to make a lump sum payment to Wife rather than devising a plan for payment over time;

2. Using a capitalization of earnings method to value the family business without first finding the business is likely to survive the lump sum payment; and

3. Failing to apply a minority discount after Wife's expert witness testified the discount was appropriate.

[¶3] Wife asserts the district court did not abuse its discretion because:

1. A lump sum payment was reasonable, given Husband's income and the success ...


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